If we talk about recent times, then thefts have increased a lot in the country, due to which people are afraid to keep valuables in their homes, instead, they keep their valuables in bank lockers, but a common question that often remains in the minds of people regarding bank lockers is whether bank lockers are safe? What if your belongings are stolen? So today through this article we will tell you about the rules related to it-

RBI Rules: The Reserve Bank of India (RBI) has implemented new guidelines regarding bank lockers. If your valuables are damaged or stolen, the bank will be responsible for it.

Compensation for loss: If customers' belongings are lost due to theft or damage, the bank is responsible for compensating them. This includes events such as fire or natural disasters that can affect the locker.

Using bank locker facilities:

Application process: To use a bank locker, you need to apply to your chosen bank.

Availability: Lockers are usually allotted on a first-come, first-served basis. If no lockers are available, you may be put on a waiting list.

Charges: Banks charge an annual fee for renting a locker, which varies depending on the size and location of the locker.

Security measures: Banks adopt various security measures, including monitoring systems and restricted access, to ensure the safety of locker contents.

Important considerations: Always read the bank's terms and conditions regarding locker use and understand your rights and responsibilities as a customer.